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're going to have to during one of the cr's or debt ceiling debates, they are going to have to shut the government down. we still take in 2.7 trillion, will pay for medicare, social security, will pay off our debt, the full faith and credit of the united states, but isn't that the only way that ryan's budget gets done? >> no, no, not at all. ryan's budget, you know, we're going to have a series of sequential battles. what's going to happen is the democrats in the senate are going to ultimately pass some kind of a budget resolution. i doubt it's going to be like this one. republicans in the the house are going to pass the budget committee resolution and these set levels for all of the appropriations committee allowing for protection and that is to say you can have expedited consideration of appropriations bills that fall under that level. the republicans are going to pass bills that have spending lower than the democrats. the democrats are going to have bills, they're higher than the republicans and then we're going to fight it out bill by bill by bill by bill through the balance of
when he rattled off a list of potentially dangerous consequences of not raising the debt ceiling back in 2011. >> no federal government employees, including counterterrorism agents, in the fbi, for example, no border agents. now, before we default, we could have time to make this sign for all points of entry. that's just the tip of the iceberg. >> i think he was being sarcastic, don't you? >>> now to the ones who were ill advised for whatever reason. first iowa republican congressman steve king with the solution for illegal immigration in the form of a construction project on the house floor. >> you can't shut that off unless we build a fence and wall. i want to put a fence in and a wall in. i designed one. this would be an example, then, of how that wall would look. you can also deconstruct it the same way. you can take it back down. i also say we need to do a few other things on top of that wall. one of them put a little bit of wire on top to provide a disincentive for people to climb over top or put a ladder there. we can electrify this wire, not a current that would kill anybody,
fight over the debt ceiling late they are spring, into the early summer. >> but tucked away in that continuing resolution are some hidden items on guns. making permanent some of the restrictions on the federal government's ability to regulate guns. they're not the major ones, but they were tucked away in there. when people aren't looking at the continuing president, the nra is still holding sway. >> well and andrea, you know, in the wake of newtown, i think we all grappled with the possibility that the politics surrounding gun control had been fundamentally changed. i would say what's happened in the months since then, stripping the assault weapons ban out, skepticism about background checks and high-capacity magazines, suggests that newtown may have changed things for a time, but it's possible it did not change broadly how the public thinks about gun rights, gun restrictions, you know, and et cetera. >> chris cillizza, thank you very much, see you later. and meanwhile, speaking of guns in colorado, the manhunt continues and widens for the unidentified gunman who murdered st
as well if there. we've got it coming up, the debt ceiling in may, and 27th of this month, we are running out of money. we've got to extend that as well. so i think those are the opportunities where you actually have cash on the sidelines, get in. >> then there's jim lacamp. you say when the music stops, forget about looking for a chair to sit in, get out of the room altogether. why? >> there are a lot of things we have to worry about, bill and maria. this cyprus thing is going to set some really strange precedents for the rest of the periphery. what's going to happen when they re-open these banks? we don't know. are people going to pull all their money out? i think they will. that's going to spill over to spanish and portuguese banks. if you could take your money across the street and put it in a german bank, why in the heck would you leave it in a spanish bank, a greek bank, a cyprus bank? you wouldn't. >> why would that push our stock market lower there, though? >> we have a stock market, bill, that's responding the to and improving global economy. everybody has thought, oh, europe is
feel like we're headed toward this sort of late spring, early summer debt ceiling showdown. am i wrong? then from a policy perspective, can the two sides meet? >> well, i think it's important to remember that we actually have had two and a half trillion dollars of deficit reduction agreed to already. and in all of the votes that they've taken so far we've had significant deficit reduction and both taxes but mostly in spending. and i would say, you know, it does feel like groundhog day because we've gone through two and a half years. great movie. not so great when it's congress. >> not fun when it's real. right. >> but we feel like we have this, i mean, how many times has speaker boehner said one to one? i know it's tiring but the idea that we're going to negotiate the debt limit? i mean, i think it's -- the president should refuse to negotiate on the debt limit. >> he has in the past. >> i think he should hold to that position now because i think the challenge for republicans is that this whole debate has weighed them down as a party. their numbers get worse every time they go through
proposed by obama almost like a parliamentary party was not reworded. taking the debt ceiling hostage was not reworded. calling the obama health care plan, which was their own only a few years earlier, socialism was not reworded. that means they have to begin to rethink themselves, and importantly, democrats will not automatically embrace the same tactics in opposition so that was an important change that creates a new dynamic not that's going to solve our problems, but there is going to be no sitting around the campfire in washington making nice with one another. but the possibility now exists for a real effort and a successful effort to deal with our most pressing problems. >> too familiar washington faces, thomas mann and norman borkenstein it's even worse than it looks. this is book tv on c-span2. >>> next, we hear from dina hampton in her book little red she profiles the graduates of the little red schoolhouse and elizabeth warren high school of new york city some ominous with progressive politics. this is about half an hour. [applause] thank you. i'm going to start by saying wha
was that the senate democrats had to pass a budget in order to get a debt ceiling increase. they'll pass a budget. the house passed a budget. in theory what they're supposed to do is reconcile the two of them, come up with a compromise and make that budget the law. that's not going to happen, this was the end. this bill is going to die and there's no implication for keystone, excel, abortion or anything else. it's symbolic. >> quoting myself, it's a statement of priorities. and the fact that the republicans are still trying to litigate the issue of the affordable care act, still talking about contraception, still talking about a woman's right to choose, it's a testament, those are not winning issues for the republican party. i want to talk to you, josh, you have a great column in bloomberg view, talking about republicans and their deficit amnesia. michael writes in the "daily beast," the gop is advancing three crucial lies, that we have to balance the budget, that public investment at this point is irresponsible and that if we do slash spending and balance the budget, jobs will come. it's all non
over the debt ceiling debate, over europe. and then a new high. i do see the s&p going to 1600 this year. probably this summer. >> really? >> then i see growing chances of a major correction that may take a couple years or may take several years. but it's clear to me u.s. demographics only get worse. we're running $2 trillion. fiscal stimulus. in qe a year to create $300 billion in gdp growth. 2% growth. that's a bad equation. >> nathan, why don't you pick it up. part of harry's argument seems to make sense. he is looking for 1600 in the s&p at some point. change your view at all? >> yeah, i know. harry has been calling for the world to come to an end for a long time. i brought my umbrella. >> what are you, mary poppins? >> i'm going to take off. look, the fact of the matter is we are actually having good news. it's hard for some people to say, really, there's fwood news? you pump $4 trillion in. you don't have the fed pulling its money out which it's not going to do any time soon. you've got to take a look at facts on the ground. we've got $900 billion sitting in money market
on the debt ceiling before his re-election. >> true. >> and so he forced this process to occur and insisted. >> but he didn't want the sequester cuts. >> well, no. he didn't want the cuts, but we had the sequester as a result of his demands. and i'm told my colleagues in the house that the sequester will stay in effect until there is an agreement that will include cuts and reforms that put us on a path to balance the budget over the next ten years. >> but no tax increases. >> no tax increases. the president already got $650 billion worth of tax increases january 1st. he got a trillion dollars worth of tax increases in obama care. this year the federal government will bring in more revenue than any year in our history and yet we're still going to have a trillion dollars budget deficit. spending is the problem. >> the white house says in response, yes, it's true. taxes went up more than $600 billion over ten years at the end of the year but it is also true the white house put $1.5 trillion worth of spending cuts in their budget. the truth is you're both right. i mean, they have offered spendi
in exchange for voting to raise the debt ceiling but won't be a big midnight battle like the last couple. >> thanks so much. >> thank you. >>> today's tweet of the day comes from pentagon press secretary george little. today is national medal of honor day. take a moment to retweet a salute to medal of honor recipients throughout american history. #heroes. n horn but... ♪ toot toot. [ male announcer ] find gevalia in the coffee aisle or at gevalia.com in that time there've been some good days. and some difficult ones. but, through it all we've persevered, supporting some of the biggest ideas in modern history. so why should our history matter to you? because for more than two centuries, we've been helping ideas move from ambition to achievement. ♪ and the next great idea could be yours. ♪ >>> the weather is giving new meaning to the term march madness. a major storm dumping several inches of snow on a wide area from the midwest to the mid-atlantic. st. louis has gotten about a foot. it is the biggest one day total ever for march. weather channel meteorologist mike seidel has more fr
ceiling to be increased because he was spending so much money. republican said, ok, we will raise the debt ceiling for the country does not default, but only if you agree for a dollar for dollar reduction in spending over the next decade. and so, yet $2.50 trillion of spending restraint -- not real cuts but spending less than obama had hoped. in washington that is called a cut. if you wanted 10 of something and you only got eight of something, you say i got cut two. if you actually walk away with eight. so, that was a $2.50 trillion spending reduction over the next decade. it has not happened yet. we have several problems facing us. the trillion dollars in the obamacare tax increases that hit this decade, that begin to hit now. oddly enough, the president and the democrats in the house and senate decided to put the tax increases, the bulk of them, after the 2012 elections. so, everybody voted and now the tax increases hit. it is not helpful for the economy and i think it is going to be unpleasant for voters. from ron is up next watertown, south dakota. democrats' line. caller: thank you fo
be the beginning of a bigger agreement over the next several months. the debt ceiling will have to wait until sometime this summer and these plans could become part of a larger plan to raise the debt ceiling. krazak from cq roll call. >> starting tonight at 9:00 p.m. eastern, our first lady series continues with a look at the lives of elizabeth monroe and louisa out front -- adams. on c-span [applause] , "the communicator's." , discussingn3 policy and the future of afghanistan. now, remarks from joint chiefs of staff chairman martin dempsey on the future of the persian gulf sharing his thoughts on u.s. engagement in the region held by the center for strategic studies, this is 50 minutes. [applause] you, doctor. if i could return some of the kind words, he has been one of those individuals in my life, whenever i had a particularly ,exing challenge, which is neary whether i was the acting commander or chief staff, i could call them up and he could gather a group together and let me hang around some of our most complex problems. i appreciate -- it is good to see you again, sir. ambassador is, es
needs the debt ceiling to be increased because we spent so much money and republican said okay, we will raise the debt ceiling so the country doesn't default but only if you agree to a dollar for dollar reduction in spending over the next decade. that $2.5 trillion in spending restraints, not real cuts, spending, less than obama had hoped but in washington that is called a cut. if you want 10 of something and you only got eight of something, you walked away with eight but so that was the $2.5 trillion spending reduction over the next decade. it hasn't happened yet. we have several problems. the trillion dollars that obama obama -- obamacare tax increases in this decade have begun to hit now. oddly enough the democrats in the house and senate decided to put the tax increases, both of them after the 2012 election so everybody voted and now the tax increase has hit. this is not helpful for the economy and they think it's going to be unpleasant. >> host: up next from watertown south dakota on the democratic line. good morning, ron. >> caller: good morning and thanks for taking my call.
development, which is this idea of what will congress do when it hits the debt ceiling. you can see the past two surveys, nearly 90% of respondents think congress will raise the debt ceiling every time it's reached. let's move on to what wall street thinks -- will they consider with the sequester? yes. will it consider and change the makeup. 33% say yes. should it increase spending cuts? 21 #% said. bottom line, only 17% a year think congress should reduce the spending cuts. if you add all of this up together, what you find is a large number who believe congress should keep the plan but they want a little flexibility. how urgent is it? 80% of the march survey said congress should urgently enact a sustainable deficit plan. that has come down to 67% with 25% agreeing that it needs a little more time. that group of respondents, 54 of them market participants say that they should be reducing the deficit. here's some of the can comments. the only thing the economy has to fear is washington itself. an interesting comment. the public wants less cutting of the budget. they are seen as positive. the
years. under the debt ceiling deal of january, if the senate doesn't pass the budget by april 15, senators would have the paychecks withheld. you would be in a embarrassing headlines of senator having the pay withheld for not doing the job. that's a political hot potato. maybe there's truth. for moran he wants to have a certain number of cosponsors as well worried about impact of on air traffic controller by the sequestration that went in to effect march 1st. the $85 million cuts across the board have pretty much cut federal spending. >> on the cr, the rest of 2013 assuming the senate wraps up the work in the next day or so, how quickly is the house likely to take it up and pass it? >> talking house appropriation chairman was saying it's likely that unless terrorist some last minute changes or amendments he doesn't know about it the house will quickly move to bring the senate cr unchanged to the floor under a closed rule. and the house can move with lightening speed compared to the senate. we should see a vote quickly before they leave for easter recess. i think it's clear in the
with the debt ceiling back in 2011. half of our time between january and june, half of our time was not spent on ledge slayive business. in 2011, it was the fewest number of days we were in session since 1992 and it was coinciding with one of the events that created the highest level of policy uncertainty than any event in the last 20 years. that surpassed the wars, september 11th, just to name some major events. that debt ceiling debacle did more to disrupt the public's confidence in the integrity of the political process in washington. you have to make your elected officials accountable. you have social media. you can build an online community and you get a message multiplier. you can find out where your lawmakers are, are they in session five days a week? they should be working. these are things you can do right now. these are simple but concrete solutions. how can you deal with our ma
: there are all kinds of fiscal issues with the budget, with sequester and the debt ceiling, not far off. have you offered a number of ways that you think the federal government could be cutting back. your office is good at looking at budgets and plans. you have note aid number of things that could have been done n. liu of closing the white house to public visitors, but did you have bipartisan crossover. >> i had bipartisan crossover because they're getting ready to run for election. there is a game play in the senate. this administration wants to show the american public that we can't cut $44 billion between now and september 30 without them experiencing massive pain. they have every intention to make it hurt to get the point that we need to spends every penny we are spending. which is absolutely ludicrous. it's a shame they are doing that because a lot of things -- we are going to have air traffic control towers shut down. they are not shut down because they are too expensive. on average, they cost $wo.3 million less per year to operate. they are shut down to come back with unionized employees i
are in the debates at the sequester rehabbed and will be getting an a debt ceiling minutes later run. there's a lot of claims to be made the president said we just can't even cut the growth of spending because if we do that's going to hurt economic growth. you look at the president's statement overtime. if you go back and actually read the presidential debate with john mccain over and over again, obama promised to make a campaign speech does the same thing. i have some new proposals, but i'm going to more than offset them by other cuts and he promised a smaller government that we have great then. now when we got to the week or two after the election we start talking about the stimulus. it will be for one, maybe two years. we had a 21% increase during the first years of the obama administration over and above the solution. that dollar increase in spending adjusted for inflation is argentinian priest standing we had during world war ii, which is pretty phenomenal when you think about how much the country no place to go and fight world war ii there. this is larger for inflation. rather than the stimul
't and jumped out at me. one of the things we heard going back to the debt ceiling negotiations in the summer of 2011, john boehner saying in effect the president played loosesy and -- lucy and yanked football and was not keeping his word on obligations he said he would undertake. i wonder if joe biden going back to offer a at this time for at that time argument? would be interesting to for reporters would follow up. what were the five occasions? what were the specific deals and how did republicans back out at them? bill: what date did it happen and what did republicans supposedly promise you and how did they renege on that. >> right. bill: here is john boehner, 10 days ago, similar topic here. listen to the speaker. >> republicans want to balance the budget. the president doesn't. republicans want to solve our long-term debt problem. the president doesn't. we want to unlock our energy resources to put more americans back to work. the president doesn't. bill: he also said it will take more than dinner dates and phone calls. and that goes back to your point about the charm offensive. like, wha
're trying to figure out their way out of sequestration to the next crisis, which is the debt ceiling limit and a budget. let's face it, the president as a matter of law, budget october of 1974 requires the president to deliver a budget on or before february 1st, where is the budget. not the republicans problem. we are supposed to act off the president's budget that never arrived. >> megyn: i want to ask you, julie, you mentioned something interesting about how this is aimed towards recapturing the house of representatives in the next mid term election, 2014, and no biden did say, please, please work hard to elect 17 new house democrats. now, that's a serious longshot, it's a hail mary, and i'm not saying it can't hop, but this would be-- >> yeah, but so, that seems to be, the pundits came out and told us that's what president obama was aiming for with the charm offensive speaking to the american people, we're reasonable we can get things done. go with the democrats. and again, why would joe biden not just be going with that for now, knowing there are reporters sitting there, who are going
, the budget control act, was that obama wanted to keep spending, and he needed the debt ceiling to be increased because he'd spent so much money. and the republicans said, okay, we'll raise the debt ceiling is so the country doesn't default, but only if you agree to a dollar-for-dollar reduction in spending over the next decade. and so we got $2.5 trillion in spending restraint. not real cuts, spending less than obama had hoped in. in washington that's called a cut. if you wanted ten of something and you only got eight of something, you go i got cut too. actually, you walked away with eight. but, so that was a $2.5 trillion spending reduction over the next decade. it hasn't happened yet. we're still, we have several problems facing us. the trillion dollars in obamacare tax increases that hit this decade, that begin to hit now. oddly enough, the president and the democrats in the house and senate decided to put the tax increases, the bulk of them after the 2012 election. so everybody voted, and now the tax increases hit. it's not helpful for the economy, and i think it's going to
. from there, a lot of the big stuff will go away and the next looming thing will be the debt ceiling. that is something we have not heard much about the last few weeks, but that is on the horizon. pete kasperowicz, thank you for talking with us. guest: sure, any kind. -- any time. >> expect a series of amendment votes. .ollow the senate on c-span two on c-span three, a group of middle east specialist will politics since the fall of hosni mubarak. divided between the muslim brotherhood and the secular opposition parties. the event is hosted by the rand corporation at 10:30 a.m. eastern on c-span three. yesterday, former u.s. ambassador to iraq dissipated in a discussion about the current political situation in .raq and there is factions the discussion included the former iraqi ambassador to the u.s. and a former ambassador to the iraq ambassador. the 90 minute discussion was hosted here in washington. >> ladies and gentlemen, good morning. i am jessica mathews. it is a pleasure to welcome you today to take stock 10 years after the launch of what turned out to be america's second- long
march 1st and to make thing more interesting we run back into the ceiling debt much later and that rolls up into the fiscal cliff 2.0 in how the government tempts to deal with it. so you may ask yourself we have a portion of the tax increases went through and who knows exactly what congress is going to but it's probably a pretty good guess that we get to the very last minute right before the march 1st effective gate date for the spending cuts and then we get some other short-term extension to add to this made for tv drama that they seem so fond of lately and you wonder where does it get us long term and how are we able to close the gap here the congressional budget office has looked at what they consider to be the most likely outcome of the ongoing negotiations which, is a marshal implementation of these spending cuts and what you see here are two lines. the top line is out lace as a percentage of gdp or government spending as a percentage of gdp and starting today and going out through the end of 2022 and this is a forecast for the next nine years and going below that is rather a new
to the senate democrats not having to pass a budget in four year. under the debt ceiling in january, if the senate does not pass a budget then the senators will have their paychecks with held. it this is obviously, politically a hot potato. for him he does want, very much to have a certain amount of co-sponsors as well and they are worried about the impact of air traffic controllers by sequestration that went into ffect on march 1 the $85 billion of the across the bored spending. >> the spending for the rest of fiscal year 2013, how quickly is the house likely to take that up and pass it? >> i spoke to the house appropriation chairman and he says it is likely, unless there is last-minute changes that he does not know about the house will quickly move to bring the c.r. unchanged to the senate's floor and the house can move with lightning speed compared to the senate. so i think the flight path is clear in the house assuming there is no big changes to the senate's c.r. at this point, we have to get through -- what looks like right now to a thursday vote on the senator for the c.r. >>
when they are facing a sequester frankly. the debt ceiling back in 2011. half our time in the senate between january and june, half of our time was not spent on legislative business. in fact in 2011 alone, it was one of the fewest number of days we've been in session since 1992 and here it was coinciding with one of the event that created the highest level of policy uncertainty of any event over the last 20 years, surpassing the wars, surpassing the financial crieses, september 11th. just to name some major events. and that debt ceiling debacle did more to disrupt the public's confidence in the integrity of the political process in washington. so you have to make your elected officials accountable. have you social immediate yafment you can build an online community snainsly and you get a message multiplire. by doing that you can find out where your law makers are. are they in session five days a week? they should be working. these are things you can be doing now. these are simple solutions but concrete ones. how can you deal with the issues of our day in two and a half days a week. t
the debt ceiling is hit. i think that's the most fertile time for us. i think what republicans want to see, wolf, they want to see a 75-year actuary soundness. we want to make sure the programs are going to be there for the future. the president knows we want to make sure these programs are there, and what the presidents wants, obviously, is some additional revenue. i believe there's a possibility if we could get the 75-year soundness on medicare and social security with appropriate changes and reforms, i think there may be a way through full tax reform to do something that will generate revenue and fit the needs of both sides, and that's what i'm hopeful is going to happen over the next four months. look, there's no negotiation that's happening right now. there's some general discussions that have taken place, but i think the environment is going to be the best that it's been in the next several months. >> just to be precise, under certain circumstances to save social security and medicare over 75 years, you'd be willing to raise tax revenue. do you have a number, two to one, three to one
early august will you vote to raise the nation's debt ceiling? that's when it has to be raised. >> i'm not going to get into what we will or will not do. i do believe that we can make sure the default is not going to happen. i'm not really worried about us defeating. i think we can give the authority to the president to prevent default. i have to tell you, wolf. we can't keep running up deficits like this. it will damage our economy deeply and people are saying that we don't have a crisis on the horizon. of course we do. we've got a debt that is on a tear right now. if the debt takes off like it's projected to do, it's not only hurting our economy today but destroying it for the next generation. we just can't sit around and be complicit with that. that means we have to do something about it. >> let me get your thoughts on a couple sensitive issues coming before congress. immigration reform. do you support a pathway to citizenship for the 11 or 12 million illegal immigrants in the united states? >> well, i think we can get the comprehensive immigration reform. i support reform. i supp
: yeah, how long? >> it would be only for a few months, so we still face the debt ceiling issue very shortly. >> bill: that comes up next and i think this extension goes until september if i recall seeing -- >> that's right. the end of the fiscal year uh-huh. >> bill: right. congress woman judy chew who represents the seat formerly hell by our good friend hilda solis. who often has come in studio with us. we look forward to seeing you come in the studio with us some day as well. on the issue of immigration reform, even rand paul came out and didn't go as far as the president, but he did say -- put himself in the camp of those who think it's time for immigration reform, dealing with that issue with those of us from southern california have been dealing with for a long time. are you optimistic about chances? >> i am optimistic in this time of people thinking of us being at a partisan strangle hold there is cooperation here. i was very encouraged about the work put out, i do believe that the immigration reform bill will move award. >> bill: if it moves ahead and r
's spain, there's the debt ceiling, there's fiscal cliffs, there's all of thee things. yet if you look back at this past four years the economy has continue to grow. it is what we call the plow horse economy. it is not going to fall over. it is going to keep moving forward, productivity is improving. efficiency is improving and profitability is improving. and that's what's been driving the economy and the stock market. >> one last quick comment, chad. >> it is a big "but." brian is correct that the u.s. government -- u.s. economy's improving. but we still have fundamental issues in the structure of our economy, imbalances. we are not out of the woods yet. we're not in self-sustaining recovery. we need to start to see that to become increasingly more bullish on the financial markets. >> that was really good. you're a good double act. we should have you on more. thank you both. brian and chad. have great days. >>> seven years ago today twitter co-founder jack dorsey sent the first tweet writing just setting up my twitter. since then the media giant has become a staple for millions. it has tra
will be what do we do with this new debt ceiling. that's an issue that's on the horizon for may. they'll have to figure out how to do this. >> host: pete kasperowicz, thanks very much for talking with us. >> guest: sure. anytime. >> and president obama continues his trip to the middle east with a stop in jordan today. the prime minister's meeting with king abdullah, and he'll talk with reporters after that meeting. you can see their comments live at 11:45 eastern on c-span. >> monday night on ifs first ladies," called a bigamist during her husband's 1828 presidential campaign, rachel jackson dies of an apparent heart attack. his niece, emily donaldson, becomes the white house hostess but is later dismissed as fallout from the scandal. and during the next administration, angelica van buren is the hostess for her father-in-law, president martin van buren, who is a widower. we'll include your questions and comments by phone, facebook and twitter live monday night on c-span and c-span3, also on c-span radio and c-span.org. >> coming up next, a panel looks at how the small business community has b
and the debt ceiling. it seemed like he was a on a roll in the early weeks. >> right, jon, but that may establish the point which is, that if you start out with a lower level of popularity than presidents traditionally started out, their second term, you have further to fall, to rise in the polls if you're numbers go up but you have less to fall if, below to get that below that 50% mark. if you start out with a highly partisan, politicized electorate they will really come down on you like a ton of bricks if you do anything they don't like, which is a point that nate silver made in a recent analysis on the polling drop. i think coming right after this, the president's, what seems to be a very successful trip to the middle east just shows you that the american people are focused on the economy and they're focused on economic uncertainty. they're not focused on foreign policy as much as some of us would like, they really care about whether or not he's going to deliver any economic prosperity in the second term. jon: as we look at that video of the president shaking hands with world leaders
to be agreement in congress, but we are not there yet. we have a debt ceiling. while they passed to budgets, they still have not gone to the whole process. we could continue with these stop-measures to keep the government from shutting down until eight -- an agreement is made. , go ahead.ssee caller: i would like her to define the word "politico." americanught government for the past 19 years and we are not governed by parties. we do not covered by the constitution. example which one is not mentioned in the constitution. if madison and hamilton thought it was important and washington thought it was important, it would have been in there. resolutions are non- binding. all it does is increase the burden of debt of my students who are now in debt probably $50,000 already. they have not graduated from high school already. households are in debt to the tune of $150,000 -- host: you have given us a lot to work with. what level do you teach? caller: high school. 12th graders? caller: yes, sir, u.s. government. guest: host: if you go to our website, you will find information that could be helpful i
a discussion on the lifting of the debt ceiling, some of the republicans who were there, actually walked out of the room. this year we didn't have that. so, you know, people were more willing to listen, but i think that the extreme wing of the tea party typically does not attend the harvard new members conference this. [laughter] in my experience. >> jessica mathews. among economists, is there significant debate about your estimate, your five to $6 trillion estimate, are you still -- what are the key issues that if we were in a roomful if economists we would be tangling with you about? >> well, that's a great question. i think that, you know, the original estimate when we had the original estimate 3 trillion, came back to his sort of early on from a former student of mine who was working in the administration and he was a brilliant student, fairly senior job at omb. he called me and he said i've been tasked with setting up a committee to scrutinize all the numbers in your book, and to discredit them. i just want to let you know that. and i said, okay. fine. and he came back to the six months
] >> two years ago when doug holtz-eakin and i were leading a discussion on the lifting of the debt ceiling, some other republicans who were there actually walked out of the room. this year we did not have that. more willing to listen. wing of theextreme tea party typically does not attend the harvard new members conferences. [laughter] >> among economists, is very significant debate about your estimate, and if so, what are would we bees that doing that we would be tangling with you on? >> that is a great question. the original estimates came back to us early on from a former student of mine who was working in the administration and who is a brilliant student from omb. he called me and said i have been tasked with setting up a committee to scrutinize all the numbers in your book and to discredit them. i just want to let you know that. i said ok, fine. he came back to me six months later and said i want to tell you we have been through the book with a fine tooth comb. we cannot discredit any of the numbers because they are all on our own numbers. we are going to argue that it was worth it. d
the debt ceiling ceiling $2.1 trillion ae agreed to reduce spending over ten years, $2.1 trillion. before the ink was dry, the president was proposing to eliminate the cuts he agreed to. he's been fighting to eliminate those cuts from the beginning. and they're really not cuts. they're simply -- if they were properly applied, it would reduce the growth of spending and not cut spending actually at all. so the committee that was supposed to find all the cuts failed. the sequester came into law. it's an antimilitary provision. it was put in by jack lew, a very liberal member of the president's, at that time, chief of staff for offic office of mot and budget. the president seems to be quite happy to see these cuts fall on the defense department. he seems to be happy to have this happen. why do you say that? i say, because he's done nothing to philadelphia it. -- to fix it except demand something that he has no right to demand. that is, to violate this agreement and raise taxes and spend more. and that's not going to happen. congress is not going to vote to violate the agreement they made with
these two plans could be the beginning of a bigger agreement over the next several months. the debt ceiling will have to be raised sometime this summer and these plans could become part of a larger plan to raise the debt ceiling. >> paul krawzak writes for cq roll call. thanks for talking with us today. >> thank you. >> president obama officially nominated thomas perez to be his next labor secretary. mr. peres has been in the sub rights division since 2000 currently serves as the assistant attorney general for civil rights. he is the sum of a dominican immigrant in the first hispanic to be named to president obama second term cabinet. the ceremony to case in the white house geese room this morning. here is a look. [background sounds] >> ladies and gentlemen the president of the united states accompanied by thomas perez. [applause] [applause] >> thank you. [applause] everybody have a seat. have a seat. as i have set before my top priority as president is doing everything we need to do to make sure that we are growing our economy and that we are strengthening our middle class. and as i said s
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